Wall Street analysts expect Business First Bancshares Inc (NASDAQ:BFST) to report sales of $22.12 million for the current quarter, Zacks reports. Two analysts have made estimates for Business First Bancshares’ earnings. The lowest sales estimate is $21.97 million and the highest is $22.28 million. Business First Bancshares posted sales of $16.98 million in the same quarter last year, which would indicate a positive year over year growth rate of 30.3%. The firm is expected to issue its next quarterly earnings results on Tuesday, July 23rd.
According to Zacks, analysts expect that Business First Bancshares will report full-year sales of $89.38 million for the current fiscal year, with estimates ranging from $89.15 million to $89.62 million. For the next year, analysts expect that the business will report sales of $95.31 million, with estimates ranging from $94.10 million to $96.52 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Business First Bancshares.
Business First Bancshares (NASDAQ:BFST) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. Business First Bancshares had a net margin of 18.11% and a return on equity of 7.91%. The firm had revenue of $21.43 million for the quarter, compared to analyst estimates of $21.29 million.
Several equities research analysts recently commented on BFST shares. Stephens started coverage on shares of LiqTech International in a research note on Tuesday. They set an “overweight” rating and a $13.00 price target on the stock. Zacks Investment Research upgraded shares of FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price target on the stock in a research note on Tuesday, June 25th. DA Davidson started coverage on shares of Business First Bancshares in a research note on Wednesday. They set a “neutral” rating and a $28.00 price target on the stock. FIG Partners reiterated an “outperform” rating on shares of SmartFinancial in a research note on Thursday, April 25th. Finally, ValuEngine lowered shares of China Southern Airlines from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $27.67.
A number of institutional investors have recently modified their holdings of the business. RMB Capital Management LLC grew its position in Business First Bancshares by 7.2% during the 4th quarter. RMB Capital Management LLC now owns 958,825 shares of the company’s stock worth $23,232,000 after purchasing an additional 64,338 shares during the last quarter. BlackRock Inc. grew its position in Business First Bancshares by 4.1% during the 4th quarter. BlackRock Inc. now owns 525,642 shares of the company’s stock worth $12,737,000 after purchasing an additional 20,706 shares during the last quarter. Banc Funds Co. LLC grew its position in Business First Bancshares by 3.0% during the 1st quarter. Banc Funds Co. LLC now owns 525,149 shares of the company’s stock worth $12,887,000 after purchasing an additional 15,149 shares during the last quarter. Geode Capital Management LLC grew its position in Business First Bancshares by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 110,079 shares of the company’s stock worth $2,667,000 after purchasing an additional 5,890 shares during the last quarter. Finally, Northern Trust Corp grew its position in Business First Bancshares by 3.3% during the 4th quarter. Northern Trust Corp now owns 107,305 shares of the company’s stock worth $2,600,000 after purchasing an additional 3,418 shares during the last quarter. 43.17% of the stock is currently owned by institutional investors.
NASDAQ:BFST traded up $0.39 during midday trading on Friday, hitting $25.68. 2,065 shares of the company were exchanged, compared to its average volume of 25,519. The stock has a fifty day moving average of $25.13. Business First Bancshares has a fifty-two week low of $20.64 and a fifty-two week high of $27.40. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $339.38 million, a P/E ratio of 17.71 and a beta of 0.18.
About Business First Bancshares
Business First Bancshares, Inc operates as the bank holding company for Business First Bank that provides various banking products and services. It offers various deposit products and services, including a range of checking, demand, money market, time, and savings accounts, as well as certificates of deposit; and remote deposit capture and direct deposit services.
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